In light of this transition, Johann shared his thoughts on the company’s progress and the strategic direction it is heading. He stated, “Cornerstone is in fantastic shape with exceptional care quality, high occupancy and sector-leading staff turnover of below 12%. We are now moving into the next phase of the company’s buy-and-build strategy by opening two more homes, thereby adding a further 158 beds to the company. Moreover, we are actively exploring acquisition opportunities that will elevate our EBITDA to over £10 million. This is the right time to bring in a new CEO to take the business to the next level. Simultaneously, I look forward to embarking on a new career in Non-Executive Board roles”
Van Zyl also expressed his gratitude to the wider Cornerstone team, stating, “I’ve been fortunate to have worked with an amazing team over the last five years but in particular, I want to pay homage to Dara Ní Ghadhra, my co-founder, who played an exceptional role in our success. Without her, and alongside Jens Kleyenstuber, our Finance Director, none of the accolades for Cornerstone would have been possible. I’d also like to take this opportunity to welcome my successor, Paul Hayes. Paul is an experienced healthcare operator and leader who has previously held a number of executive positions with high quality providers across the healthcare sector. He will inherit a first-class team, and I know Cornerstone’s future is in safe hands. I look forward to working with him as part of the Cornerstone board.”
Forbes Stuart from Ignite Growth, the equity provider that owns Cornerstone, commented, “It has been an absolute pleasure working with Johann over the last 5 years. Alongside his team, he has driven Cornerstone to new heights growing the business year on year whilst ensuring that high quality care is at the heart of everything the business does. Johann remains key to the future success of the business and we look forward to working with him in his non-executive capacity. We’d also like to take this opportunity to welcome Paul Hayes as CEO; he will join a business that has exceptional foundations in place and is set for further growth.”
This strategic transition marks a significant milestone in Cornerstone Healthcare Group’s journey and reflects the organisation’s commitment to achieving even greater heights in the future.